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Are there any government agencies that offer loan modification assistance?

By
Services for Real Estate Pros with LoanSafe.org

There are a few government agencies that offer loan modification assistance and counseling services for individuals like yourself who are struggling to maintain their monthly mortgage payments. Most government services you will find offer counseling services to help you get on the right track and some may even help you negotiate with your lender.


The Department of Housing and Urban Development provides a list of various non-profit agencies that offer foreclosure counseling services in your area. These counselors will sit down and take the time to review your entire financial situation to determine whether or not you may qualify for a mortgage modification. If they feel you're eligible for assistance they will help you compile a package of your financial documents to send to your mortgage servicer.

 
HOPE NOW is another very popular non-profit organization that provides loan modification services for struggling homeowners. They are an alliance between counselors, mortgage companies, investors, and other mortgage market participants. The main goal of this organization is to help homeowners avoid foreclosure and remain in their homes. These counselors can educate homeowners with tools they need to fight foreclosure and may even help with negotiations as well. You can contact this agency through the Homeowner's HOPETM Hotline at 888-995-HOPE or visit their website, www.995HOPE.org.


Please be extremely wary of any anyone who requires a few bucks for loan modification or foreclosure prevention services. These individuals target those who are in default on their mortgage so please try to identify and avoid these scam artists.

To get more information from this article, visit LoanSafe.org (more links found in article)

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